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Stallion Uranium Announces Consolidation Effective Date.
ByAinvest
Wednesday, Feb 26, 2025 2:38 pm ET1min read
Stallion Uranium Corp. announces the effective date of its consolidation, with shares trading on a consolidated basis from Feb. 28, 2025. The company holds the largest contiguous project in the Western Athabasca Basin and is working to explore uranium deposits in the region.
Stallion Uranium Corp. (TSX-V: STUD, OTCQB: STLNF, FSE: FE0), a leading uranium exploration company in the Athabasca Basin, recently announced a revision to its previously announced consolidation ratio [1]. The company will now consolidate its common shares on a basis of five (5) pre-consolidated shares for every one (1) post-consolidated share. This adjustment is expected to improve the company's financial position and facilitate future growth.Stallion Uranium holds the largest contiguous project in the Western Athabasca Basin, spanning approximately 2,700 square kilometers [2]. The company's strategic location places it adjacent to multiple high-grade discovery zones and deposits, positioning it well for future success.
The company's CEO and Director, Matthew Schwab, expressed his confidence in the revised consolidation ratio, stating, "We believe that this revised consolidation ratio is in the best interest of the company and will provide us with a stronger financial position to continue exploring the vast potential of our project in the Athabasca Basin."
The consolidation, which is subject to approval from the TSX Venture Exchange (TSXV), will result in a reduction of the total issued and outstanding common shares from 151,628,687 to approximately 30,325,737 [1]. Following the completion of the consolidation, Stallion Uranium will issue a further news release announcing the effective date.
Despite the recent announcement, Stallion Uranium remains focused on its exploration efforts in the Athabasca Basin. The company's team of experienced uranium and precious metals exploration experts continues to work diligently to acquire and explore early-stage properties, fueling the future with uranium.
References:
[1] GlobeNewswire. (2025, February 18). Stallion Uranium Announces New Consolidation Ratio. Retrieved from https://www.globenewswire.com/news-release/2025/02/18/3027720/0/en/Stallion-Uranium-Announces-New-Consolidation-Ratio.html
[2] Stallion Uranium Corp. (n.d.). About Stallion Uranium Corp. Retrieved from https://stallionuranium.com/about/
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